The landmark deal between marijuana companies Acreage Holdings Inc. and Canopy Growth Corp. has its roots amid bunk beds inside a small, cramped house in Klosters, Switzerland.
It was there, a short drive away from the World Economic Forum in Davos in January, that Canopy Growth CGC, -0.31% WEED, -0.53% co-Chief Executive Bruce Linton and Acreage ACRGF, +1.77% CEO Kevin Murphy laid the groundwork for one of the largest acquisitions in the short history of the emerging weed sector, trading jabs at presentations inside of a pub.
“We had a bunch of founders and CEOs of marijuana companies [in the house],” Linton told MarketWatch on the phone Thursday. “A guy running for president in Uruguay was in the bunk bed in the room beside me. We actually had really busy hustle-time all day and events for Davos, and then you would come back together